Bombay Stock Exchange (BSE) and its joint venture (JV) partner Ebix have received in-principle approval for Certificate of Registration to act as a direct insurance broker under the IRDAI (Insurers Brokers) Regulations, 2018. The venture, branded as BSE-Ebix Broking Insurance Broking, will enable distribution outlets, wealth management advisors, Point of Sales (POSs) to sell life and non-life insurance products. The actual insurance distribution of BSE-Ebix will commence after receipt of certificate of license from IRDAI.
BSE provides an efficient and transparent market for trading in equity, debt instruments, derivatives, mutual funds. It also has a platform for trading in equities of small-and-medium enterprises (SME).
